Animoca Brands has secured $358.8888 million in a fresh round of fundraising, valuing the firm at $5 billion premoney. It’s another vote for blockchain gaming and the company’s open metaverse initiative.
10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others participated.
The additional funds will be used to support strategic acquisitions, product development, and intellectual property licencing.
These technologies provide true digital ownership of users’ virtual assets and data, and various decentralised finance (DeFi) and GameFi opportunities (including play-to-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants.
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